Brown Brothers Harriman Enhances Commitment to Family Businesses
Brown Brothers Harriman & Co. (BBH) has made a significant move by appointing Michael N. McGrann as Managing Director within their Center for Family Business, situated in Philadelphia. This appointment reflects BBH’s dedication to providing exceptional support to private business owners and their families as they face the complex challenges that arise at the intersection of personal and business matters.
Michael N. McGrann: A Valuable Addition
Expertise in Family Business Advisory
Michael McGrann brings an impressive background to BBH, having advised many prominent families and family offices globally. His reputation is well-established, and he is known for providing insightful guidance. Ben Persofsky, Executive Director of the Center for Family Business, praised Mike’s wealth of experience, emphasizing that his addition will strengthen the firm’s mission to act as a reliable partner for private business owners navigating succession, growth, and legacy preservation.
Commitment to Legacy and Growth
During his time with BBH, McGrann has expressed admiration for the firm's deep commitment to supporting private business owners. "I’m honored to be part of this growing team as we assist clients in solidifying their legacies and ensuring a prosperous future for their businesses," McGrann shared. His enthusiasm for empowering clients speaks volumes about BBH's mission.
The Role of Education in Business Advisory
In addition to his advisory role, McGrann is an accomplished educator. He founded the Family Business Center at St. Joseph’s University in Philadelphia and teaches various business accreditation courses. His experience includes teaching an MBA class focused on family enterprises and family offices at Columbia Business School, underlining his expertise in this specialized field.
About Brown Brothers Harriman
Founded in 1818, Brown Brothers Harriman understands the nuances of stewardship and what it takes to serve clients over the long haul. Their experience is invaluable when assisting clients in creating, growing, and preserving wealth for generations to come. As a private partnership, BBH is structured to prioritize clients and foster success that endures.
Today, BBH stands as a trusted advisor and investor for private businesses, wealthy families, and sophisticated institutional investors. Through their Capital Partners division, they offer a comprehensive range of services, including multi-family office solutions, investment management, private equity, and various corporate advisory and banking services.
Client-Centric Approach
The firm is recognized for its collaborative approach, high integrity, and commitment to client satisfaction. By focusing on each client’s definition of success, BBH consistently exceeds expectations and builds lasting relationships. Their website provides further resources and insights about their services and philosophy.
Frequently Asked Questions
What is the role of Michael N. McGrann at Brown Brothers Harriman?
Michael N. McGrann has been appointed as Managing Director in the Center for Family Business, assisting private business owners with complex issues.
Why was McGrann chosen for this position?
His extensive experience advising business-owning families and stellar reputation made him a valuable addition to the BBH team.
What educational contributions has McGrann made?
McGrann founded the Family Business Center at St. Joseph’s University and teaches courses on family enterprises and offices.
How does BBH support private businesses?
BBH offers advisory services, investment management, and banking solutions tailored to the unique needs of private businesses and their owners.
What are the core values of Brown Brothers Harriman?
BBH is dedicated to a client-first approach, integrity, and collaboration, aiming to help clients achieve their goals with lasting impact.
